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Jindal Steel Expands Angul Facility Capacity to 12 Million Tonnes Per Annum

Jindal Steel has successfully doubled the steel making capacity of its Angul facility, from 6 million tonnes per annum (MTPA) to 12 MTPA, making it one of the largest single-location steel plants in India. This expansion has increased the company's overall capacity to 15.6 MTPA, including 3.6 MTPA at its Raigarh facility.

The expansion was completed within the planned timeframe, with the company having fully operationalized the capacity increase. This expansion is expected to drive higher volumes, improve capacity utilization, and support revenue growth while delivering operating leverage benefits. Jindal Steel is well-positioned to enhance margins, optimize costs, and improve profitability, while strengthening domestic steel capacity in line with India's nation-building priorities and the vision of Atmanirbhar Bharat.

Key Statistics:

Read also: FirstClub Secures $55 Million in Funding from Peak XV, Sofina, and Other Investors 9 Months After $22 Million Series A Round

  • Expanded capacity: 12 MTPA
  • Overall capacity: 15.6 MTPA
  • Investment required for one million tonne steel plant: ₹5,000-6,000 crore
  • Key sectors catered to: infrastructure, construction, railways, automotive, energy, industrial manufacturing, defence, and white goods

Jindal Steel caters to key sectors with supplies of value-added steel products from its Angul (Odisha) and Raigarh (Chhattisgarh) facilities.

Investor Takeaway

Investors should consider Jindal Steel's expansion plans for potential revenue growth and improved profitability.

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